Surus

“You can be the first mover who dollarizes yourself.” Dollarizing means a country uses the US dollar in place of its own currency, as Ecuador and Panama already do. “Create your own dollar-backed stable bond, and then you get the seigniorage.” That is the profit from issuing money, and it goes to whoever moves first. “All the regional countries around are gonna end up, whether they like it or not, circling around your issuance.” @virtuallylaw, Founder & CEO of @Surus_io, on the choice facing West African economies

Citizens of the Marshall Islands can hold their government’s digital dollar in any wallet they choose. “They can now download the Lomalo wallet, which Crossmint built, and it’s a government wallet. But they can use any crypto wallet.” Government-issued digital money usually runs through official channels, as China’s digital yuan does through its state app and approved banks. “It’s just they happen to have one trusted wallet that’s available.” @virtuallylaw, Founder & CEO of @Surus_io, on the wallet @crossmint built for the Marshall Islands

There’s no US law that says when a stablecoin payment is actually final “You don’t know when you’ve actually settled with finality with somebody.” “When has settlement become final is a big deal, especially when you’re doing DVP and other arrangements where you’re trading against payment.” USDM1 gets around that, because it’s registered as a security “It clearly settles under UCC Section 8 So there’s no gray area anymore.” — @virtuallylaw of @Surus_io

What does a tokenized stock actually represent? “Just a legal relationship.” - @virtuallylaw When you buy a tokenized stock or bond, you are trusting that a real asset sits somewhere behind it, held by someone who is legally bound to protect it for you. One example is USDM1, a government bond that the Republic of the Marshall Islands turned into a token, with @Surus_io holding the treasuries behind it.

If a token issuer goes bust, the treasuries backing your token can still be safe. “Etherfuse, love @EtherfuseDave, love the team at Etherfuse. We hold those treasuries behind the scenes for them to back their token.” “Those treasuries are held remote from Etherfuse’s balance sheet, and they’re remote from our balance sheet.” “They know that their tokens are worth something.” “We do the same thing for the $USDM1 token working with the Republic of the Marshall Islands.” @virtuallylaw, Founder & CEO of @Surus_io, on holding the treasuries behind @etherfuse’s token

Live at 12:00 PM ET / 9:00 AM PT. Today's lineup: - @ShahRamezani, @Noah_HQ - @ahmedzifzaf, @tryramp - @virtuallylaw, @Surus_io Stabledash Global, presented by @augustus_bank - @bebedaselva, @blindpay - @stablecoing, @eldoradoio nitter.cf/i/broadcasts/1RKjpbYWA…